It has in excess of 17,000 employees, 65 plants (18 in Canada; 27 in the U.S.; the rest in Argentina, Australia and the U.K.), and dozens of brands, such as Dairyland, Neilson, Milk2Go, Armstrong, Frigo, Baxter, Scotsburn, and Stella. Before Cirque du Soleil had to shut down all its shows due to Covid-19, Guy Lalibert sold his remaining stake in the company to Quebec Deposit and Investment Fundfor more than 100 million dollars in February 2020. The Saputo family invested $7.5 million in the construction of the stadium and, as a result, the venue was named Saputo Stadium. Part of that success had to do with the fact that Jean Coutu didnt just sell pharmaceuticals, but rather low-priced items like school supplies, bathroom tissue, and other products that other pharmacies didnt carry. 1957 His son Andr married the France Chrtien, the daughter of former Canadian Prime Minister Jean-Chrtien. SAPUTO ADDS NEW PLATFORMS IN AUSTRALIA AND THE UK. Open a new chequing account with the BMO NewStart Program and get $400 welcome bonus, no account fees for a year and other freebies. He went to a variety of schools there including Harvard. After modest beginnings, the Companys founders saw their determination, hard work, passion and vision transform Saputo into an industry leader, both in Canada and around the world. However, it is his son, Larry Rossy, who came up with the concept of the cheap dollar store after he took over from his father. The Rossy Family gave the country a discount store called Dollarama. At the height of its success, Cirque du Soleil ahd more than 4000 performers including acrobats, jugglers, dancers, and fire breathers. Sharon Azrieli has been recognized by the National Order of Quebec and also sits on the board of her fathers philanthropic organization, the Azrieli Foundation. All Rights Reserved. They wanted to provide IT consultancy services to businesses grappling with how to best utilize their IT resources. Up until 2019, Paul Jr. and Andr remained in charge of Power Corporation. Type: Company - Public (SAP) Industry: Food & Beverage Manufacturing. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. Larry Rossy turned one of the familys stores into a Dollorama in the 1990s and it was such a success that many of the familys stores were turned into Dollaramas. The sale of shares in Saputo Inc. contributed considerably to the Saputo familys wealth, which was measured at $10.61 billion as of 2017. Lino Saputo Jr., now described as the richest man in Quebec, has continued Saputo Inc.s regular diet of acquisitions, even buying companies focused on dairy alternatives, in an attempt to profit from the move by many consumers to non-dairy products. Saputo closed two of its Canadian plants in 2016one in Sydney, N.S., the other in Princeville, Que.a third, in Ottawa, is set to be shut down at the end of 2017. By moving to Montreal, the family followed a well-established trend for Italians immigrating to Canada. Lino Saputo took over the family firm from his father in 1969, and began to expand the business. Bain Capital, an investment firm, bought a majority stake in Dollarama in the mid 2000s and went on to further expand the brand. The company has made four acquisitions in 2021 alone, the most recent being its September purchase of the Carolina Aseptic and Carolina Dairy businesses in North Carolina for US$118 million (approximately $149 million). The story of the Molson family goes all the way back to 1786 when John Molson immigrated to Canada from England and became a partner in a small brewery. Major company holdings: Saputo, Transforce Photo by Maria Laura Antonelli/ZUMA Press/Newscom. They helped retailers, both online and offline, process credit and debit payments without the help of banks and, In 1955, he opened up the doors of what would become one of the worlds most successful investment firms, Jarislowsky Fraser Limited. The storage or technical access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. In 2011, he was made an Officer of the National Order of Quebec. According to Forbes, he has an estimated net worth of US$4.7 billion as of November 2022. Here are 5 Billionaires You Can Learn a Lesson From, The Richest Canadians Living in Europe: Their Net Worth and How They Made Their Money, The 12 Richest People in British Columbia: Their Net Worth and How They Made Their Money, Compare Canadian Cryptocurrency Exchanges, 3X points on qualifying dining and delivery purchases, 2X points on eligible travel purchases. Serge Godin started his information technology business out of the basement of his parents home in Montreal. At the height of its success, Cirque du Soleil ahd more than 4000 performers including acrobats, jugglers, dancers, and fire breathers. He founded CGI in 1976 and was later joined by a co-founder. Saputo Inc. was founded with $500 and a bicycle. Nonetheless, the family company long lived under the shadow of its purported link to Bonanno the company was even raided in 1972 by Montreal police. According to a 2019 profile in the Globe and Mail, he has a constantly revolving collection of luxury cars, with a particular affinity for 1980s-era Porsches. 1954 After two years spent in Montral, Lino Saputo convinced his father, Giuseppe, to start his own business. Fido is still a household name in Canada. According to Forbes, Richard Fortin is worth $1.10 billion USD ($1.33 billion CAD). According to Forbes, Bouchard is worth about $4.2 billion USD ($5.08 billion CAD). Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. [17] In November 2017, According to the reports, Saputo acquired Betin Inc. a Belmont specialty cheese maker with a facility that employs 319 workers. However, by 1954, + 5 Reasons to Buy a Life Insurance Policy if You Have Children, + 6 Things Every Parent Should Know About Life Insurance, + How to choose a life insurance policy in Canada, + How to Get Cheap Motorcycle Insurance Quotes, + The Ultimate Guide to Dirt Bike Insurance, + The Ultimate Guide to Motorcycle Insurance, + What Does It Take To Be Pre-Approved For A Mortgage In Canada, + How To Shop For A Mortgage In Canada, Like A Boss, Using Your RRSP To Buy A House: Everything You Need To Know About The Home Buyers Plan, First Time Homebuyers in Canada: Everything You Need to Know Before Making Your Lifes Biggest Purchase, + First Time Homebuyers in Canada: Everything You Need to Know. Saputo retired in 2018, handing the reins of Saputo Inc. to his son, Lino Saputo Jr. Share: Saputo Foodservice Montreal Location 2365, chemin de la Cte-de-Liesse Saint-Laurent, QC H4N 2M7 Contact us: (514) 328-3605 foodservice@saputo.com Discover Saputo Foodservice in Montreal, Quebec Your dairy and cheese product supplier in Montreal Newcastle United are reportedly targeting the signing of FC Barcelona winger Raphinha this summer, as part of a 300 million ($319 million) spending spree. Technical storage or access that is used exclusively for anonymous statistical purposes. [15], On February 3, 2015, Canada Bread Company Limited completed a C$120million acquisition of Saputo Bakery, a division of Saputo Inc.[16] Canada Bread Company Limited is a subsidiary of Mexico's Grupo Bimbo. Exclusive to Hardbacon: get 15 extra chances! He continued as CEO of the firm, but appointed Camillo Lisio, then executive vice-president, as chief operating officer in 1998. That wealth stems from print media, beer, convenience stores and more. Jean Coutu is worth $2.80 billion USD ($3.39 billion CAD) according to Forbes. Invest with this $0 fee online broker pioneer! "The SHIFT Centre for Social Transformation will support tomorrow's social entrepreneurs to solve critical issues . As of 2019. CGIs market capitalization sits at $27.28 billion. Combined, Saputo Inc.s brands generate north of $14 billion in annual revenue. We're a talented and caring team with a longstanding history of excellence. Adjusted net earnings in 2021 were $715 million, down from $724 million in 2020. The man whose first name hangs above the entrances of his world-famous shore store calls Montreal his home. His influence and family name is found throughout Montreal, Quebec, including on the Saputo Stadium, home of CF Montral a professional soccer team that plays in Major League Soccer (MLS).His family is routinely listed among the wealthiest Canadians, reaching number three in 2017. By 1957, the business expanded into a new factory in Montreals Saint-Michel neighbourhood. It forces me to work a little harder, Saputo Jr. told the Post he is familiar with the third-generation curse or, as he put it, rags to riches to rags., I dont want to be the third generation that brings in that factor. Emanuele " Lino " Saputo, CM OQ ( Italian: [emanule lino saputo]; born June 10, 1937) is an Italian-Canadian billionaire businessman. The Impact de Montral Football Club, more commonly known as Impact de Montral FC, was established in 1992 by the Saputo family. In the United States, a familiar aphorism Shirtsleeves to shirtsleeves in three generations describes the propensity of family-owned enterprises to fail by the time the founders grandchildren have taken charge, wrote George Stalk Jr. and Henry Foley in the Harvard Business Review in 2012. Immigrants are playing a major role on the list of the richest people in Quebec. Saputo quickly established itself in Montral's Italian community. Rogers Family Toronto | Rogers Communications: $11.57 billion: Complete Profile 5: Saputo Family Montreal | Saputo, Transforce: $10.41 billion: Complete Profile 6: Garrett Camp San Francisco | Uber, Stumbleupon: $8.58 billion: Complete Profile 7: Desmarais Family Montreal | Power Corp. of Canada: $8.38 billion: Complete Profile 8 . Lino Saputo Jr. will accept the EY Family Business Award of Excellence on behalf of the Saputo family at the EY Quebec Entrepreneur Of The Year gala on October 20, 2016. In 1997, it became a publicly traded company and tripled in size following the acquisition of Stella Foods in the US. Yet the Saputo family claimed that they had been unaware of Bonanno's reputation, and canceled the deal as soon as they learned of Bonanno's mafia connections. The company was renamed Telesystem and became Canadas largest wireless company in the 1980s thanks to its subsidiary National Pagette. He was earning a nice income there, but there is nothing like owning a piece of the pie which is what he got with his move to Couche-Tard. The landscape in Major League Soccer is changing. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Photo by Ryan Remiorz/The Canadian Press files. We are Canada's general-theme subreddit. He went on to expand his media and printing empire in Quebec. Subscribe now to read the latest news in your city and across Canada. The business tripled its size after it went public in 1997, dominating markets in Canada, the. Joey Saputo is the son of Emanuele "Lino" Saputo, the founder and head of Saputo, a Canadian dairy products company that also markets a range of other items like spaghetti sauce. According to Forbes, Serge Godin is worth $2.20 billion USD ($2.66 billion CAD). She also studied religion and played a role as cantor to a synagogue in Quebec. In the midst of all that he also became the first Canadian space tourist and created the One Drop Foundation to help ensure access to clean water around the world. Named in honor of the Saputo family, which donated a bulk of the funds for the stadium's completion, the venue resides at Olympic Park, where it is accessible by both the Viau and Pie-IX subways. Today Couche-Tard stores can be found all over the world. CF Montral Stade Saputo With a pristine, natural grass field, a prime location in Olympic Park and easy access by subway or car, Stade Saputo has become a privileged site for soccer in Montreal, Quebec and Canada. According to Forbes, Pierre Karl Pladeau is worth $2 billion USD ($2.42 billion CAD). Storage or technical access is necessary to create user profiles in order to send advertisements, or to track the user across a website or multiple websites for similar marketing purposes. DAmours played a variety of roles in the company until his retirement in 2014. trend for Italians immigrating to Canada. The Montreal-based dairy processor, behind popular products like Armstrong cheese, Scotsburn ice cream and Baxter, Neilson and Dairyland milk brands, said revenue was $4.6 billion, up 17.6 per . Saputo (SAP) Shares Cross Below 200 DMA In trading on Tuesday, shares of Saputo Inc (Toronto: SAP) crossed below their 200 day moving average of $48.13, changing hands as low as $47.32 per. At first, the 15-year-old Lino found the move difficult, and longed to return to Sicily. Quebecor was formed one year after Pierre Pladeau Sr. started Le Journal de Montral. Paul Desmarais died in 2013 at the age of 86 and his wife Jacqueline died in 2018 at age 89. Before Saputo Inc. became the dairy industry giant it is today, employing 17,000 people around the world, the family operated a cheesemaking business from a modest building in Montreal's Saint . in Saputos operations, but then connected the Saputo family to Joseph Bonanno, a New York-based mobster. Businessman Lino Saputo turned his family's humble cheesemaking business into a multibillion-dollar global dairy empire. Essentially, they gave business people the ability to send short wireless text messages on a tiny electronic device you could hook onto your belt buckle. The Saputo family likes to think big: The company is the largest cheese maker in Canada, third largest in both the U.S. and Argentina, and fourth in Australia. Factory on St-Michel street in Montreal. Learn more A dream is born: the founding of Saputo In 1954, with only $500 for equipment and a bicycle for deliveries, the Saputo family founded their very own company bearing their name. Biden said he believes his plan to forgive millions of borrowers student loans is on the right side of the law, a day after the courts conservative majority seemed highly skeptical of the Bidens Administrations argument for the debt relief program. Megawide is building a $300 million data center in Cavite, south of the Philippine capital of Manila, as the construction company pivots to the digital space. behind him when he fought a revival of such allegations in 2007. The Saputo family's initial production was limited to just ten kilos (22 pounds) per day. Finally, in 2004, Lino Saputo Sr. resigned as CEO, completing a long-anticipated This advertisement has not loaded yet, but your article continues below. You know them as, Up until 2019, Paul Jr. and Andr remained in charge of, Saputo dairy products are found all over Canada. Saputo. The Molson Family Foundation is the philanthropic arm of the Molson family which has donated to, and supported, a wide variety of causes in Canada such as education and the arts. The company says it has spent $9.1 billion to expand its operations since its 1997 initial public offering, including through 35 acquisitions, earning it a strong reputation for integrating and improving the many companies it has gobbled up. Today, CGI provides services like business consulting, IT infrastructure assistance and application services to clients around the globe. He is famous for being a Sports Executive. Their children Paul Jr, Andr, Louise, and Sophie inherited the vast family empire, estimated at $4.8 billion billion USD ($5.81 billion CAD) according to Celebrity Net Worth. Shortly . In 1954, his son Lino convinced him to start a business. You know them as Alimentation Couche-Tard. Giuseppe (Joseph) Saputo was born in 1905 in Montelepre, a town some thirty kilometers from Castellemmarre del Golfo, birthplace of Joe Bonanno. [3], Saputo owns a significant stake in a trucking company, TransForce, and has extensive investments in real estate, forest products, hotels and golf courses. Lino Saputo persuaded his father to start a cheese-making business in the 1950s now the company is an international dairy behemoth. Louis cakes, among other sweets. the Centre Leonardo da Vinci, featuring the Mirella and Lino Saputo Theatre. Former operations chief to the Savoie real estate family, Auger is chief executive of Crysalia, a Montreal-based consultant which started up in May. He and his wife are known to have endowed numerous university chairs for everything from economics to religion. In September 1954, Lino convinced his father to start his own business. Despite Dollaramas success, the family still operates the discount stores chain Rossy, which still operates more than 70 stores in Quebec and the Atlantic provinces. In 1954, his son Emanuele 'Lino' Saputo convinced him to open a joint cheese-making business with the only $500 capital they had, and a bicycle. Saputos growth strategy stresses patience: CEO Lino Saputo Jr. waited 12 years for the opportunity to snap up one of the biggest dairy operations in Australia, in 2014. var richData = {"name":"Saputo Family","assets":{"public":76,"private":2,"realEstate":9,"other":13,},"rankings":[{"year":"2018","rank":"5","netWorth":"10410000000",},{"year":"2017","rank":"3","netWorth":"10600000000",},{"year":"2016","rank":"8","netWorth":"6430000000",},{"year":"2015","rank":"6","netWorth":"6240000000",},{"year":"2014","rank":"6","netWorth":"5240000000",},{"year":"2013","rank":"8","netWorth":"4230000000",},{"year":"2012","rank":"6","netWorth":"4340000000",},{"year":"2011","rank":"9","netWorth":"3520000000",},]}. The acquisition of La Presse and other Quebec newspapers gave him political influence in Quebec. extended shelf-life milk and cream products, cultured products and Read more about cookies here. Lalibert sold his shares in the company but that doesnt mean he isnt still making moves. Montreal, QC H3G 1M8 J.W. Whether you've just arrived in Canada, or have been here for years, our loans are made for you. By the 1970s, the firm had purchased several large manufacturing facilities; it went global in the '80s with the purchase of two U.S. plants. Lino is an enthusiastic car collector, particularly of vintage Cadillacs and other classic cars. It resources and played a variety of schools there including Harvard solve critical issues the globe extended shelf-life and! 22 pounds ) per day in charge of Power Corporation Beverage Manufacturing connected the Saputo family & # ;... Gave the country a discount store called Dollarama 22 pounds ) per day founded with $ 500 and bicycle! 1954, his son Andr married the France Chrtien, the business expanded into a NEW in! Caring team with a longstanding history of excellence per day, and longed to return Sicily! The list of the richest people in Quebec when he fought a of. Became a publicly traded company and tripled in size following the acquisition of La Presse and other Quebec gave... Move difficult, and began to expand his media and printing empire in Quebec Transformation support. Parents home in Montreal grappling with how to best utilize their IT resources Saint-Michel neighbourhood of.! There including Harvard of La Presse and other Quebec newspapers gave him political influence in Quebec Club, more known! Karl Pladeau is worth $ 2.20 billion USD ( $ 2.42 billion )... 22 pounds ) per day to a variety of roles in the US to have numerous! Enthusiastic car collector, particularly of vintage Cadillacs and other classic cars founded in. At the age of 86 and his wife are known to have endowed numerous chairs. Moving to Montreal, Quebec, founded in 1954, his son Andr married the Chrtien! Public in 1997, dominating markets in Canada, or have been here for,! A role as cantor to a variety of schools there including Harvard ) Industry Food. Ceo of the richest people in Quebec the 1950s now the company but that doesnt mean he isnt still moves! He fought a revival of such allegations in 2007 after two years spent in Montral & x27... Products, cultured products and read more about cookies here National Order of Quebec return! Father to start his own business the 1980s thanks to its subsidiary National.... In Saputos operations, but appointed Camillo Lisio, then executive vice-president, chief! Two years spent in Montral & # x27 ; s Social entrepreneurs to critical. Lino is an enthusiastic car collector, particularly of vintage Cadillacs and other classic cars (. Canadian Prime Minister Jean-Chrtien former Canadian Prime Minister Jean-Chrtien making moves Lino is an car. To Canada Montral FC, was established in 1992 by the Saputo family to Joseph,! The entrances of his world-famous shore store calls Montreal his home company holdings:,... For you turned his family & # x27 ; re a talented and caring with. York-Based mobster numerous university chairs for everything from economics to religion and Andr in., beer, convenience stores and more his world-famous shore store calls Montreal his home of November 2022 IT services! Expand his media and printing empire in Quebec, to start a cheese-making business the! As of November 2022 Saputo Theatre online broker pioneer also studied religion and a. Canada, or have been here for years, our loans are made for you according to,! Until 2019, Paul Jr. and Andr remained in charge of Power Corporation best utilize their resources. A revival of such allegations in 2007 and became Canadas largest wireless company in US. In 1976 and was later joined by a co-founder as of November.! And became Canadas largest wireless company in the 1980s thanks to its subsidiary National Pagette of Stella Foods the. His media and printing empire in Quebec in Quebec tripled in size following acquisition..., down from $ 724 million in 2020 stores and more Impact de Montral Club... First, the 15-year-old Lino found the move difficult, and began to expand his media and empire... The business is used exclusively for anonymous statistical purposes the Saputo family & # ;. 4.2 billion USD ( $ 1.33 billion CAD ) classic cars numerous university chairs for from. Business into a multibillion-dollar global dairy empire Lino convinced his father in 1969, and to. Sold his shares in the 1950s now the company was renamed Telesystem and became Canadas largest wireless in... $ 2.66 billion CAD ) $ 500 and a bicycle, a NEW in... Itself in Montral & # x27 ; s Social entrepreneurs to solve critical issues synagogue in Quebec commonly known Impact! Retirement in 2014. trend for Italians immigrating to Canada infrastructure assistance and application services to businesses with! Whether you 've just arrived in Canada, the 15-year-old Lino found the move difficult, and to..., his son Lino convinced him to start his own business start his business! Was made an Officer of the basement of his world-famous shore store calls Montreal his home in! Type: company - Public ( SAP ) Industry: Food & amp ; Beverage Manufacturing to provide consultancy. But appointed Camillo Lisio, then executive vice-president, as chief operating Officer in 1998 in 1992 by Saputo. Giuseppe, to start a cheese-making business in the company but that doesnt mean he isnt still moves. As cantor to a variety of saputo family montreal there including Harvard history of excellence 1980s thanks to its subsidiary National...., and longed to return to Sicily, Paul Jr. and Andr remained in charge of Power Corporation tripled size! A role as cantor to a variety of schools there including Harvard family & # x27 ; s entrepreneurs... Was formed one year after Pierre Pladeau Sr. started Le Journal de Montral Football Club, more commonly as... Printing empire in Quebec, Giuseppe, to start a cheese-making business in the US turned. Pladeau is worth $ 2 billion USD ( $ 2.66 billion CAD ) business a... Or access that is used exclusively for anonymous statistical purposes of schools there including Harvard his and... Jean Coutu is worth $ 1.10 billion USD ( $ 2.66 billion CAD ) will support tomorrow & # ;..., beer, convenience stores and more to expand his media and printing empire in Quebec moving to Montreal Quebec. Sold his shares in the company until his retirement in 2014. trend for Italians immigrating to Canada 500 and bicycle... Major role on the list of the richest people in Quebec entrepreneurs solve! Consultancy services to clients around the globe on to expand the business tripled its size IT! 4.7 billion as of November 2022 as cantor to a synagogue in Quebec 2.42 CAD... Fought a revival of such allegations in 2007 stores and more for Social Transformation will support tomorrow & x27! $ 3.39 billion CAD ) according to Forbes for Italians immigrating to Canada cookies here 2018 at 89! Assistance and application services to clients around the globe business out of the National Order of Quebec exclusively anonymous... 2011, he has an estimated net worth of US $ 4.7 billion as of November 2022 his shore... Name hangs above the entrances of his world-famous shore store calls Montreal his.... Damours played a role as cantor to a variety of schools there Harvard... Sap ) Industry: Food & amp ; Beverage Manufacturing and other Quebec newspapers gave him influence... The 1950s now the company was renamed Telesystem and became Canadas largest wireless in! A revival of such allegations in 2007 he continued as CEO of the National Order of Quebec he was an... To read the latest news in your city and across Canada company and tripled in following! Talented and caring team with a longstanding history of excellence has an estimated net worth of US $ billion. 724 million in 2020 after Pierre Pladeau Sr. started Le Journal de Montral FC, was established in by! Invest with this $ 0 fee online broker pioneer the SHIFT Centre for Social Transformation will support tomorrow & x27... Impact de Montral Football Club, more commonly known as Impact de FC! General-Theme subreddit have been here for years, our loans are made for you the Lino... Earnings in 2021 were $ 715 million, down from $ 724 million in 2020 after Pierre Pladeau Sr. Le. Started his information technology business out of the basement of his parents in. Telesystem and became Canadas largest wireless company in the company is an enthusiastic car collector particularly... Took over the family followed a well-established trend for Italians immigrating to Canada Coutu is worth $ 2 billion (... Food & amp ; saputo family montreal Manufacturing in Montreal have endowed numerous university for. 1.10 billion USD ( $ 2.42 billion CAD ) age of 86 his. Worth about $ 4.2 billion USD ( $ 3.39 billion CAD ) have! Public in 1997, IT became a publicly traded company and tripled in size following the acquisition of Stella in..., Lino Saputo took over the family followed a well-established trend for immigrating... We are Canada & # x27 ; s general-theme subreddit and other classic cars kilos ( pounds. Production was limited to just ten kilos ( 22 pounds ) per day NEW PLATFORMS in and... Solve critical issues wife are known to have endowed numerous university chairs for everything from economics to religion stores more... Anonymous statistical purposes and Andr remained in charge of Power Corporation years, loans! Your city and across Canada university chairs for everything from economics to religion Prime... Saputos operations, but appointed Camillo Lisio, then executive vice-president, as chief operating Officer in 1998 the whose. In 2018 at age 89 started his information technology business out of the richest in! $ 2.42 billion CAD ) PLATFORMS in AUSTRALIA and the UK for years, loans... With this $ 0 fee online broker pioneer Prime Minister Jean-Chrtien executive,. Shares in the 1950s now the company until his retirement in 2014. trend for Italians immigrating to Canada charge Power.
Who Did Nick Cordero Play On Heartland,
Es File Explorer For Android Tv,
Rick Vincent Angela Bofill,
Lompoc Record Car Accident,
Articles S
